Insider Selling: Cadence Design Systems (NASDAQ:CDNS) VP Sells $94,920.00 in Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) VP Paul Scannell sold 280 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $339.00, for a total transaction of $94,920.00. Following the sale, the vice president directly owned 31,720 shares of the company’s stock, valued at approximately $10,753,080. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paul Scannell also recently made the following trade(s):

• On Monday, June 1st, Paul Scannell sold 7,081 shares of Cadence Design Systems stock. The shares were sold at an average price of $393.91, for a total transaction of $2,789,276.71.

Cadence Design Systems Trading Down 2.1%

Shares of CDNS opened at $340.39 on Friday. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $416.69. The stock’s 50-day moving average is $348.17 and its two-hundred day moving average is $333.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.53. The stock has a market cap of $93.74 billion, a PE ratio of 67.67, a P/E/G ratio of 3.65 and a beta of 1.15.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.06. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.65 earnings per share. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. Equities analysts forecast that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal year.

Institutional Trading of Cadence Design Systems

Large investors have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC lifted its position in Cadence Design Systems by 933.3% in the first quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock worth $26,000 after purchasing an additional 84 shares during the period. Brown Lisle Cummings Inc. increased its position in shares of Cadence Design Systems by 860.0% during the 1st quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker’s stock valued at $27,000 after purchasing an additional 86 shares during the period. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Cadence Design Systems in the 4th quarter worth $28,000. Swiss RE Ltd. acquired a new stake in shares of Cadence Design Systems in the fourth quarter valued at $29,000. Finally, Avalon Trust Co acquired a new stake in shares of Cadence Design Systems in the second quarter valued at $30,000. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on CDNS. Piper Sandler increased their price target on shares of Cadence Design Systems from $325.00 to $349.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Robert W. Baird upped their price objective on Cadence Design Systems from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. Oppenheimer reaffirmed a “market perform” rating and set a $300.00 target price on shares of Cadence Design Systems in a report on Tuesday, July 28th. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 target price on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Finally, Rosenblatt Securities boosted their price target on Cadence Design Systems from $410.00 to $420.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $405.69.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc (NASDAQ: CDNS) is a global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging. Headquartered in San Jose, California and founded in 1988, Cadence serves semiconductor companies, original equipment manufacturers and system designers across the globe, helping customers accelerate design cycles and manage the complexity of modern integrated systems.

The company’s offerings span software tools for digital, custom/analog and mixed-signal design, verification and signoff, as well as solutions for system-level modeling, thermal and signal integrity analysis, and PCB and package design.